Stop Applying Big-Firm Ethics to Your Small Practice
Thandi lost a whole Saturday to independence rules about network firms. She does not have a network. She never will. Half the Code of Ethics was never written for her one-person practice, and nobody had told her which half. The five principles are the same for everyone, sole proprietor or Big Four partner. The reading is not. Here is which parts of the Code a one-person practice must apply, and which parts you can put down today.
You Can’t Mark Your Own Homework: Why Compilers Can’t Also Be Reviewers
Can you really be objective if you’re reviewing your own work? Many accountants unknowingly cross a line that can sink their credibility, and trigger red flags with SARS. This article looks at the hidden risks of mixing compilation and assurance, and shows how business accountants can protect their independence, boost their value, and stay on the right side of the standards.
The Big Money Red Flag: IESBA Warns Accountants on Private Equity Pitfalls
Big money brings bigger risks. Private equity deals are flooding into accounting firms, offering millions upfront, rapid growth, and shiny tech upgrades. Tempting? Absolutely. But the IESBA just dropped a warning that should make every partner pause. From hidden conflicts of interest to blurred network lines and cultural drift, these deals could quietly erode your independence, and your firm’s credibility. If you are thinking about PE funding? Read this first. Your reputation could be on the line.